Fraud & Security

The U.K.-based payments platform Wirex said it will work with Visa Inc. to integrate digital currencies with Visa cards in the U.K. and European Economic Area. As part of the collaboration, Wirex said it is launching Wirex Pay, a service aimed at easing use of both traditional money and cryptocurrency. Payment gateway Freedom …

A survey from credit-reporting agency TransUnion indicates 89% of U.S. consumers who have used buy now, pay later programs are satisfied or very satisfied with the service. The survey canvassed 1,200 consumers in the second quarter. Some 53% of non-users indicated they’d be likely or very likely to use BNPL if the …

Wireless and cybersecurity developer Berkeley Varitronics Systems Inc. launched Skim Swipe, a tool that can help detect card skimmers hidden in point-of-sale terminals. Galileo Financial Technologies, a payments-technology platform, announced it is offering wire-transfer capability via an application programming interface that links clients of Community Federal Savings Bank to the Federal Reserve’s …

Allegations that sensitive identification data managed by Israel-based AU10TIX could have been accessible outside of verified access are not fully accurate, AU10TIX says. The suggestion of a possible data exposure comes from a 404 Media report that says online administrative credentials were exposed for more than a year, according to …

The U.S. Supreme Court ruled a lawsuit challenging the Federal Reserve’s 2011 debit card cap as too high can move forward. The suit, brought in 2021 by a North Dakota truck stop, had been opposed by banks as having been filed too late. Downloads of digital-identity apps will grow 126% worldwide, …

Payments provider Payroc WorldAccess LLC has agreed to pay $440 million to acquire the merchant-of-record payments business of i3 Verticals Inc., a provider of software and services to public and private companies. Afterpay, a buy now, pay later platform and part of Block Inc., said 82% of BNPL users said the service …

The number of identity-theft cases fell last year, but criminals are getting savvier about how to win their victims’ confidence, with more of them relying on newer tools like artificial intelligence. And credit cards and other financial products remain a top target. That’s the mixed message from the Identity Theft …

Online grocery sales, which surged during the Covid pandemic as consumers avoided in-store shopping, continue to grow at a rapid pace, though the pandemic ended 13 months ago, according to the World Health Organization. Sales of groceries online, which include curbside pickup, increased 30% year over year in May, according …

Entrust Corp., a provider of identity technology, on Monday launched its Citizen Identity Orchestration platform, which is aimed at governments’ delivery of public services. The new platform, intended for such functions as benefits delivery, tax filing, health-care access, and border crossings, uses artificial intelligence for identity verification, issuance of digital …

As criminals’ knowledge of how to beat multi-factor authentication through phishing schemes increases, the need for payment providers to implement phishing-resistant solutions continues to grow. Phishing attacks are a form of social engineering in which cybercriminals deceive consumers into revealing personal and account information. The cybercrime can also involve installation …